Posts Tagged estate planning lawyer

What is Probate?

What is Probate?

Probate is the legal process to transfer assets when someone passes away. Through probate, clear title and ownership are established as to the assets of the deceased person. Generally, probate is required if the person died with an executed will (testate), or if the person died without […]

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Durable Power of Attorney for Healthcare

Durable Power of Attorney for Healthcare

None of us enjoy contemplating what would happen to ourselves or those close to us in the event we become incapacitated. Rather than think about those things, we tend to think “it will not happen to us,” or otherwise postpone thinking about it. This is a dangerous […]

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Fiscal Cliff Deal: Impact on Estate Planning and Gifting

Fiscal Cliff Deal: Impact on Estate Planning and Gifting

The wait is over, at least for now. Congress passed a bill on January 1, 2013 that avoided the “fiscal cliff,” and is expected to be signed into law shortly. The new deal has some important consequences for estate planning and gifting. Estate and Gift Tax The […]

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Estate Planning and Probate

Estate Planning and Probate

When a person deceases, whatever assets that person owns will either pass through probate or they will not. Probate is the legal way to transfer the assets of someone who has deceased, and involves the use of probate court proceedings. Probate occurs primarily in two scenarios; first, […]

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What is a Living Trust?

What is a Living Trust?

A trust is a legal relationship where assets are transferred to a trustee for the purpose of using those assets for the benefit of one or more beneficiaries. The creator of a trust is known as the settlor, grantor, or trustor. A Living Trust, also known as […]

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Wealth is Not Required for Estate Planning

Wealth is Not Required for Estate Planning

One of the common misconceptions people have about estate planning is the idea that you have to be wealthy to execute an estate plan, or that an estate plan is not worth while unless you have accumulated a lot of wealth. Although wealthy individuals can take advantage […]

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Life Insurance in Estate Planning

Life Insurance in Estate Planning

We are all aware of one of the most basic purposes for obtaining life insurance–to provide families, relatives, and/or close friends with financial support in the event that a person passes away. However, life insurance also serves other important purposes and can be used in a variety […]

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